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|Trustees|||CAlexander|||||
|---|---|---|---|---|---|---|---|
||||G Hurstfield|||||
||||5 Mortimore|QC||||
||||A Nicol|||||
||||I Okva Salinas|||||
||||N Thomas|||||
||||LWatt|||IAppointed|3June 2020)|
|Chief executive officer|||H Little|||||
|Secretary|||H Little|||||
|Charity number|||261403|||||
|Company|number||00982535|||||
|Registered||office|11Cloisters House|||||
||||Battersea
Park Road|||||
||||London|||||
||||SWB4BG|||||
|Independent||examiner|Joel Courts|||||
||||c/o I-IW Fisher LLP|||||
||||Chartered
Accountant|||||
||||Acre House|||||
||||11-15William|Road||||
||||London|||||
||||NW1 3ER|||||
|Bankers|||National
Westminster||Bank|||
||||218Upper Street|||||
||||London|||||
||||Ni 1SA|||||
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|||||Page|
|---|---|---|---|---|
|Trustees'
report||||1-6|
|Independent|examiner's||report||
|Statement
of|financial|activities|||
|Balance sheet|||||
|Statement of|cash flows|||10|
|Notes to the financial||statements||11-21|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
|||Notes|||f||f|f|
|Income from:|||||||||
|Voluntary
Income|||844,860|85,000|929,860|242,038|109,471|351,509|
|Investments|||560||560|2,288||2,288|
|Total income|||845,420|85,000|930,420|244,326|109,471|353,797|
|Raising funds|||68,354||68,354|92,863||92,863|
|Charitable
activities||6|236,676|34,147|270,823|492,199|111,456|603,655|
|Total resources|expended||305,030|34,147|339,177|585,062|111,456|696,518|
|Net income/(expenditure)||for the|||||||
|year/|||||||||
|Net movement|in funds||540,390|50,853|591,243|(340,736)|(1,985)|(342,721)|
|Fund balances|at 1April||||||||
|2020|||96,341|7,501|103,842|437,077|9,486|446,563|
|Fund balances|at 31March||||||||
|2021|||636,731|58,354|695,085|96,341|7,501|103,842|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|6||6||
|Fixed assets||||||||
|Tangible assets|||10||3,417||2,359|
|Current assets||||||||
|Stocks|||11|50,546||53135||
|Debtors|||12|81,951||66,167||
|Cash at bank|and in|hand||844,515||359,991||
|||||977,012||479,293||
|Creditors: amounts||falling due within one year|13|(285,344)||(377,810)||
|Net current|assets||||691,668||101,483|
|Total assets|less current liabilities||||695,085||103,842|
|Income funds||||||||
|Restricted funds|||15||58,354||7,501|
|Unrestricted|funds||||636,731||96,341|
||||||695,085||103,842|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|E||E||
|Cash flows from operating|activities|||||||
|Cash generated
from/(absorbed
by) operations|||19||486,456||(358,362)|
|Investing
activities||||||||
|Purchase oftangible fixed assets||||(2,492)||(779)||
|Investment
income received||||560||2,288||
|Net cash (used in)/generated
from investing||||||||
|activities|||||D,932)||1,509|
|Net cash used in financing|activities|||||||
|Net increase/(decrease)
in|cash and cash equivalents||||484,524||(356,853)|
|Cash and cash equivalents
at beginning||ofyear|||359,991||716,844|
|Cash and cash equivalents|at end ofyear||||844,515||359,991|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||f|f|f||f||
|Donations|and gifts|753,310|85,000|838,310|73,550|109,471|183,021|
|Incoming|resources from|||||||
|charitable|activiti es|91,550||91,550|168,488||168,488|
|||844,860|85,000|929,860|242,038|109,471|351,509|
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|4|Investments|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2021|2020|
|||||f|f|
||Interest received|||560|2,288|
|5|Raising funds|||||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2021|2020|
|||||f|f|
||Costs of eneratin|voluntar|income|||
||Staging fundraising|events||31,958|51,331|
||Staff costs|||5,400||
||Costs ofgenerating|voluntary|income|37,358|51.331|
||Other activities|||30,996|41,532|
|||||68,354|92,863|
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|||Opera|Opera|
|---|---|---|---|
|||production|production|
|||costs|costs|
|||2021|2020|
|||f|f|
|Staff costs||177,331|178,463|
|Depreciation
and impairment||1.,434|1,362|
|CD Manufacturing||21.,978|26,763|
|Travelling||109|21,498|
|Bank charges||1,294|1,541|
|Performers
and coaches||1,000|225,271|
|Engineers
and editing||5,400|17,626|
|Hire ofstudios|||21,686|
|Music preparation||8,500|39,243|
|Artwork
and photography||4,055|4,270|
|Royalties
paid|||1,585|
|Opera Rara Direct|||2,593|
|Opera research|||417|
|Stock movement||2,589|7,595|
|||223,690|549,913|
|Share ofsupport costs (see note 7)||38,767|45,101|
|Share ofgovernance|costs (see note 7)|8,366|8,641|
|||270,823|603,655|
|Analysis
by fund||||
|Unrestricted
funds||236,676|492,199|
|Restncted funds||34,147|111,456|
|||270,823|603,655|
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|7|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||Support costs|Governance|2021|Support casts|Governance|2020|
||||costs|||costs||
||Rent &,rates|20,744||20,744|24,438||24,438|
||Insurance,
light &heat|2,025||2,025|1,811||1,811|
||Repairs & maintenance|68||68|1,252||1,252|
||Printing,
postage &|||||||
||stationery|2,731||2,731|4,412||4,412|
||Telephone
& website costs|8,637||8,637|8,204||8,204|
||Travelling|14||14|1,695||1,695|
||Subscriptions|2,359||2,359|1,522||1,522|
||Bank charges|390||390|229||229|
||Generalexpenses|1,799||1,799|3,015||3,015|
||Bad debts||||(1,477)||(1,477)|
||Accountancy||2,526|2,526||3,491|3,491|
||Legal and professional||500|500||||
||Independent
examination|||||||
||fees||5,340|5,340||5,150|5,1.50|
|||38,767|8,366|47,133|45,101|8,641|53,742|
||Analysed
between|||||||
||Charitable
activities|38,767|8,366|47,133|45,101|8,641|53,742|
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|The average
monthly
num|ber ofemploye|es
during the|year was:|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Number|Number|
|Management
and fundraising||||||
|Employment
costs||||2021|2020|
|||||f|f|
|Wages and salaries||||164,127|159,644|
|Social security costs||||11,399|11,873|
|Other pension costs||||7,205|6,946|
|||||182,731|178,463|
|The number ofemployees|whose annual|remuneration|was f60,000or more were:|||
|||||2021|2020|
|||||Number|Number|
|f70000- 680000||||1|1|
##
|Tangible fixe|d assets|||||
|---|---|---|---|---|---|
||||Plant and|Fixtures, fittings|Total|
||||machinery|&equipment||
||||f|f||
|Cost||||||
|At 1April 2020|||4,603|43,720|48,323|
|Additions|||2,492||2,492|
|At 31March|2021||7,095|43,720|50,815|
|Depreciation|and impairment|||||
|At 1April 2020|||2,740|43,224|45,964|
|Depreciation|charged|in the year|1,334|100|1,434|
|At 31March|2021||4,074|43,324|47,398|
|Carrying
amount||||||
|At 31March|2021||3,021|396|3,417|
|At 31March|2020||1,863|496|2,359|